Hong Kong’s roiling political shift and lackluster COVID-19 response has led to an influx of Hong Kong citizens flooding real-estate markets across the UK, Canada, and Australia.
The exodus has been several years in the making. In 2020, China implemented a restrictive national security law in the city-state, and many residents feared the loss of democratic freedom. Disdain towards their home city grew even stronger during the Covid-19 pandemic, as Hong Kong aligned itself with China’s strict zero-Covid strategy. Hong Kong’s 7.5 million residents faced mass testings, strict curfews, and chaotic lockdowns during its fifth wave of the COVID-19 pandemic earlier this year. And up until recently, anyone traveling into Hong Kong was forced to endure — and pay for — a strict three-week quarantine.
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